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How To Handle Downsizing

6/5/2021
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Moving itself always has the tendency to sound stressful, but adding downsizing to the mix can seem daunting. There are certain challenges that come with downsizing, but that doesn’t mean it has to be more stressful. By changing the way you approach downsizing and moving, the experience can actually be a positive one. Downsizing gives you the freedom to get rid of things that no longer have a place in your life, freeing up room for what you love and what brings you happiness. Here are the steps to follow to downsizing your property and keeping your sanity.

1. Take an inventory of what you own.

Often, we don’t realize what we have. It is easy to feel like we don’t have a lot of ‘things’ when those items all have a place in our current home, but many of those items may just be filler. Taking an inventory of what you have will force you to look at a list of what all you own, helping to you reflect on what you actually care about keeping. Using this inventory as a master sheet will also help you keep track of what you’re moving once you’ve gotten rid of items that you no longer love or need.

2. Get the floor plan of your new home.

Being able to visualize where your items will go can be extremely helpful when downsizing. Will that old dresser fit in the guest bedroom? Will you have room for that pool table? If you can’t find space for it when looking at your floor plan, it is probably time to donate or recycle those items.

3. Consider the details of your new home.

Are you moving to a different climate? If you’re heading to Florida or somewhere known for the weather, you may not need those full boxes of winter gear or that snow blower already collecting dust in your garage. Will the items you are on the fence about keeping be practical and useful in your new home when your situation changes? Keep in mind what your life will look like in your new home and take the time to decide where the items you want to keep will fit in.

4. Create a keep/donate/toss system when sorting through your items.

Designate a room in your house for each category. Boxes in the living room are ‘keep’, the dining room has your ‘donate’ items, and so on. This way, there will be no mix up and you will be able to have visual idea of what you are hanging onto and what you are letting go.




How Often Should I Check My Roof?

5/26/2021
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While you may not think about your roof every day, you want to make sure that your roof stays in good shape and remains leak free. To do so, regular inspections need to be performed. But how often should that happen? According to the National Roofing Contractors Association, you should check your roof at least twice of year, during fall and spring. The mild weather of those seasons can help make inspecting the roof easier and it also allows you to ensure that your roof will be prepared potential seasonal weather hazards. While it may not be easy to complete an inspection as often as recommended, doing so will help prevent minor roof damage from leading to serious problems.

Preventing minor problems from turning into major ones will also save you money in the future. Your bi-yearly check can be done yourself unless you find reason for concern. Here are some things to look out for when doing a DIY inspection:

  • Broken or missing shingles

  • Cracked or curling caulk

  • Patches of moss/lichen

  • Worn or peeling plastic rubber boots around pipes or other roof projections

  • Cracked or rusted spots on metal flashings

  • Shingles that are blistering, cracking or buckling

  • Loose, cracked or rusted gutters

  • Crumbling or missing chimney mortar

  • Tree branches or other large debris

If during your own inspection you notice any cracked or rusted flashings or gutters, crumbling or missing chimney mortar, sunken spots in the roof, or several shingles that are buckling, cracking or missing, you should call a roofing company. A professional roofer can inspect both the inside and outside of your roof and give you peace of mind about the safety of your roof and your home.

RE/MAX Lifestyle has great vendor partners. Reach out & we can send you a list of Roofing companies to call! 




~Pet-Friendly Indoor Plants~

5/26/2021
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Pet-Friendly Indoor Plants

Cooler temperatures may have you missing greenery. If everything outside has prepared for winter, you can always bring your own green indoors! While there may be a list of plants you’ve been dying to get, you may want to scan your shopping list first if you have pets. Even if you don’t have curious pets, there are some houseplants that are better to avoid altogether if you have furry friends in your home. It is always important to research any plant you consider purchasing, but there are a few tried and true that pet experts recommend! Here is a list of pet-friendly plants to add to your home:

  • Ferns. True ferns are an easy addition to a pet-friendly home. They pose no threat to your pets and are usually hung in spaces where your pet cannot reach them anyway!

  • Kitchen Herbs. This is the best way to bring green to your indoor space while also serving another purpose - to eat! Basil, cilantro, dill, fennel, and sage are all easy indoor garden additions.

  • Orchids. Orchids may not be easy to grow, but a huge range of orchids are safe for pets.

  • Palms. True palms are generally safe, but cycads are not. A few safe palms to look for include areca palm, bamboo palm, dwarf palm and the ponytail palm.

  • Peperomia. This group of plants is known for its easy care requirements and textured leaves, making peperomias perfect plants for a busy house with pets. Most are pet friendly, but you can stick to the basics like blunt leaf peperomia, ivy peperomia and metallic peperomia if you want to be safe.

  • Succulents. Succulents and cacti, as a group, are pretty safe for pets. Though the plant may not be toxic, it is important to consider if your pet can reach a plant that is covered in spines.

Preparing For Listing Photos! Ready Set Snap!

5/17/2021
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Listing photos are the first chance many potential buyers get to be exposed to your home. This is why being prepared for listing photos and ensuring your home looks ready to sell is a key part in the home listing process. Here are some tips to prepare your home for listing photos!

Clear Off Kitchen Counters & Sink

When the kitchen counters are completely cleared off, buyers can imagine how they might use the space for themselves. Kitchen items and decor only distract buyers can often make the kitchen feel cluttered. You will want to remove everything except a handful of decorative items from the countertops and thoroughly clean all surfaces.

Clear & Clean Bathroom Sinks, Tubs, and Showers

Take all of your bath/shower items and place them into a bin that can go underneath the sink. This can help your bathroom look bigger. Clear off the counters so that bathrooms look unused, but it is okay to leave clean hand towels and hand soap.

Replace Burned Out Light Bulbs

Make sure you check all of the ceiling lights, lamps, and exterior lights to make sure that they all work and can correctly illuminate your space. If there are dark areas in your home, feel free to add a few extra lamps to brighten them up. Additional light can make an area look more spacious so the more light, the better!

Turn On All Lights Throughout The Entire House

You want your home to be captured in the best light, and so it is essential to have as much light as possible. Before your photographer comes, turn on all of the lights in the house!

Open All Windows

Natural light from windows brings life to photos. Opening all of the window treatments in your home to let in as much light as possible. If it's too bright, your photographer can adjust as needed. Make sure you clean the windows if they will be photographed!

Remove Unnecessary Furniture & Decorations

This is probably the hardest part, but it's one of the most important. Removing and storing furniture that doesn’t bring value to your photos can be hard, but it opens up the floor space and helps to not distract potential buyers. Buyers want to be able to visualize their items in your home and that can be hard to do if the room is cluttered with furniture.

Turn All Ceiling Fans, TVs, and Computer Screens Off

Any moving items like ceiling fans or active TV/Computer screens can look very strange in photos. You should turn off anything that moves or can cause a motion blur.

Clear Off Appliance Surfaces

Be sure to remove photos, magnets, notes, reminders, and other personal information from the refrigerator or any other appliance you have decorated. It will not only make your home appear cleaner, but it also keeps your personal info safe.

Make All of the Beds

Be sure to make and decorate all the beds in your home with matching sheets, blankets, and pillows. Use bedding fits correctly and covers the mattress.

**If you are thinking of listing your home, contact RE/MAX Lifestyle for a free listing packet with all the details to make your listing stand out among the crowd!! 
405-322-5MAX 
 

Why Low Inventory Is Good For Sellers! ~Hellloooo Sellers Market~

5/13/2021

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There is high buyer activity and a historically low number of houses for sale right now. The perfect time for homeowners to sell their house is when the demand for homes is higher than what’s available for sale. Here are a few ways that low inventory can help you get a great deal if you’ve been on the fence about selling your current home.

Better Seller Terms

When there is a seller’s market like there is today, it is much more like being in he driver’s seat when you choose to sell your home. The ball is in your court and you have the power to sell on your own terms because low inventory means less choices for buyers. Buyers are more likely to work with you if it means they can purchase a home in a market where they are hard to find.

Greater Investment Return

ROI is a major focus in real estate. As prices rise, homes gain value. This drives equity increases - in just the second quarter of last year, homeowners were gaining an average of $9800 in equity. Growth in equity can give you the ability to put that money toward a down payment on your next home.

Higher Prices

With buyer numbers high and seller numbers low, homebuyers are having to enter bidding wars for the houses they want. This competition drives up the price of your home - simple supply and demand! This is absolutely a seller advantage, and could potentially net you more for your house when you finally close the deal.



RE/MAX Lifestyle would love to help you navigate the selling process & keep as much money in your pocket as possible! 
www.LifestyleOKC.com 
405-322-5MAX 

Still Saving Your Tax Refund Or Stimulus Checks? Here's How To Use Them!

5/11/2021

Still Saving Your Tax Refund Or Stimulus Checks? Here's How To Use Them!
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If you’ve started researching the home buying process, or you’ve already purchased a home in the past, you probably know one of the first things you need to consider is the size of the downpayment you are going to need to cover on the home you discover. While that down payment can vary depending on what type of financing you qualify for, it is never a bad idea to start saving as much possible, as soon as possible.

If you qualified for any of the stimulus payments and have been keeping that money, or tax refund money, tucked away into savings - this would be the perfect opportunity to use that cash. With the average refund for this year around $3000, there is a good chance your tax refund, potentially paired with a stimulus, can put a major dent in your down payment.

With a competitive market that doesn’t seem to be cooling off anytime soon, now is the time to buy. Ensuring you have the proper funds to cover that downpayment once you find ‘the one’ can save you heartache in the future. Give me a call today and we can get you set up with a lender so you can get pre-approved and find out just how much you need to have saved!

Contact RE/MAX Lifestyle & we can connect you with a local lender! 
405-322-5MAX 
LifestyleOklahoma@Gmail.com 
www.LifestyleOKC.com 





When should you invest in Rental Properties?

5/10/2021
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When Should You Invest In Rental Properties?

If you are considering becoming a property investor, you may wonder why you should buy a rental and what indicators to look for when trying to find a property. Here are some signs to look for if you are on the fence about investing in a rental that indicate it is a great time to buy!

Low Interest Rates

When mortgage rates drop, it is much easier to make a property produce income. The best place to figure out what kind of interest rate you will get for an investment property is with a lender. Check in with them to figure out how to start the process, and contact an agent to help you start viewing potential properties.

Home Equity

Check in with a local Realtor to see how much your current home is worth! Some investment properties require a high down payment, but low-interest rates, refinancing and knowing your home value can make a difference. For example, if you need to borrow 10%, many homes in good markets can appreciate 10% of their value in just a year, depending on the condition and the location. Chat with a lender to see if you can qualify, and check in with your current mortgage company to discuss your plan.

Scarcity of Units

Do you live in a location where rental units are in high-demand? Maybe your city is growing and the demand for a space to rent is higher than the available properties. If that is the case, now is the best time to find a property to purchase for rental purposes.

Return Rate

If the rate of return in your county is growing, it might be a good time to invest in property. If there is a yearly increase, you can make significant gains over time.

Ultimately, talking to professionals can help you decide if now is the right time to invest in rental properties

Should you Rent out your house?

5/10/2021
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Are you thinking of becoming a landlord? 

Should you rent your house out? Every day, millions of landlords rent out houses to good tenants. With proper planning and preparation, you can minimize the hassles and turn your home into a profitable venture. If you think any of these points apply to you, you may want to consider renting out your home.

  • Your primary home, while a necessity in life, is not typically an asset or investment. An asset makes you money. A liability costs you money. By renting out your home, you transform a liability into an asset.

  • You can hold onto your property while rental income pays down your mortgage. Over time, rental property values (hopefully) will climb and build your wealth. If you can rent out your house for more than your monthly expenses, you will also experience additional monthly cash flow. That’s the goal for all potential landlords—and what we at BiggerPockets want to help you achieve.

  • Start your investment career with no additional costs. Renting your property could be the first step in a tried-and-true method for building wealth. Many real estate investors start this way—renting out their homes as they upgrade to bigger or better houses. This may also help fund your retirement, as you may end up owning multiple properties “free and clear” by the time you are ready to retire, providing monthly rental income or a lump sum if you sell.

  • Retain the possibility of returning to that home. This is especially helpful if you’ve been forced to move quickly because of a temporary job relocation.

 

  • RE/MAX Lifestyle Offers a full service property mgmt! Yes, we can help you with all aspects of leasing! 

  • * Rent collection with online options & ACH payments directly to the owner 
  • * Full service maintenance 
  • *Professional marketing to reduce the time of vacancies 
  • *Flat rate options! Forget the 10% fees
  • * Contact us today & let us help you with all your investment needs! 




How to Make your Offer stand out!

5/7/2021

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Going into Multiple offers can be stressful! Here are some tips to help you navigate. 

#1- Include a pre-approval letter!
The last thing you want is the seller to think your not qualified & choose another offer. If you want the seller to know your serious get pre-approved by a reputable lender before you ever look at the home. 

#2 - Make a decent earnest deposit$$
When you can't picture yourself with out this home then boost the earnest money deposit. Earnest money will go towards your final closing cost. So it is money you will not loose unless you back out , outside of your contracts window. It the larger amount does show the seller you want the house & are willing to put that money on the line to show it. Typically 1% of the purchase price will really help your offer. 

#3-Remove all the contingencies you can! 
Talk with your lender & see what the options are if you own a current home. You may be better off selling that home first. At least have it listed on the market & ready to go. 

#4-Make it your best! 
When going up against multiple offers do not expect to get a counter. Put your best foot forward first. Offer your best & final that you can give, which may mean not asking for closing cost. 

#5-Don't give up! 
Just because you may not the first or second home, it means the right one is waiting! If you would like help navigating the Real Estate market reach out to RE/MAX Lifestyle! We are here to help! 



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